- Wholly owned subsidiary Lian Beng Engineering & Machinery and 90% owned Sinmix Pte Ltd to be spun off to achieve independent valuation and provide clearer credit profiling for its future business growth
- Group obtains pre-clearance from SGX-ST on spin-off
- Group to convene EGM to seek approval from shareholders; believes proposed spin-off can bring long term value to shareholders
The Stock Market Partied Too Soon. The S&P 500 Is Exhausted., Go to article
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